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Systems, Institutions, and Values in East and West
Leading social scientists, empirical analysts, and policy practitioners demonstrate the various ways in which the insights of János Kornai, a renowned early analyst and critic of the command economies of Eastern European communist states, are stirring academic and policy discussions about current challenges. While dissecting the economic theories and practices in the Soviet Bloc, Kornai devised and applied concepts such as soft-budget constraints, rush versus harmonic growth, surplus versus shortage economy, non-Walrasian equilibrium, bureaucratic coordination, and the invisible power of the communist party. These concepts are commonly applied to a variety of issues in the contexts of fundamental transformation. The cases discussed in this volume include the transitional paths of post-communist economies, the pitfalls of East European market-building, economic repercussions of the dissolution of Yugoslavia, and the process of integration in the Eurozone. In conclusion János Kornai’s thoughts on a variety of research topics as well as the value of democracy are included as he delivered at the conference celebrating his 90th birthday in 2018.
From Socialism to Capitalism
The subjects common to the eight studies in this book are socialism, capitalism, democracy, and change of system. The studies are arranged according to the course of history. The starting point is the "classical", pre-reform socialist system (study 1). Then come the discussions about reforms that remain within the socialist system (studies 2 and 3). The second half of the book concerns the subject of the change of system (studies 4-7).
By Force of Thought
The intellectual autobiography of an economist influential in both command economies and free market economies that discusses his life, work, and the social and political environment during the Second World War, the 1956 Hungarian Revolution and its aftermath, and the post-socialist transition.
Dynamism, Rivalry, and the Surplus Economy
In this book, János Kornai examines capitalism as an economic system and in comparison to socialism. The two essays of this book will explore these differing ideologies on macro and micro levels, ending with definitive explanations of how the systems work and how they develop.
Contradictions and Dilemmas
These seven essays by the Eastern block's most important economist address and explore many of the critical social and economic issues inherent in the socialist economy. Published in Hungary in 1983, they are the firsthand observations of an insider who attempts to be as frank and impartial as possible about the experiment in his own country. The essays distinguish the classical or traditional form of a highly centralized socialist economy from a system, like that of Hungary's, that is in the process of institutional reforms. They focus on a few important characteristics of social economies, rather than providing a broad description and analysis of socialist systems, in order to stimulate th...
Highway and Byways: Studies on Reform and Postcommunist Transition
Hungarian economist Janos Kornai first used the metaphor of a single path to postsocialist transition in his earlier book, The Road to a Free Economy. The new metaphor that frames this collection of eight recent studies reflects a broader perspective and understanding of the complexities of transition: every highway and byway leads eventually to capitalism, Kornai observes, but to what kind, how fast, and at what cost? Who wins and who loses? Kornai draws from his experiences of Hungarian reform as well as from countries of the former Soviet Union to make several major points. The first three studies describe what went wrong in countries that tried to mix elements of planned and market econo...
The Socialist System
This book presents a comprehensive analysis of socialist economics. It addresses the reasons for the early successes of socialist systems, and the reasons for their gradual breakdown.
Planning, Shortage, and Transformation
The three major themes of János Kornai's work reflected in the title of thisbook--planning, shortage, and transition, or transformation--figure prominently in the essays. Aftera philosophical introduction by Edmond Malinvaud, the book is divided into three sections: Marketsand Organizations, Theory of Transition, and The Transitional Experience.János Kornai is one of theworld's leading experts on the economics of socialism and transition. An early advocate of reform inHungary, he has written penetrating analyses of centrally planned economies and their transformationto market-oriented systems. This volume is being published in celebration of Kornai's seventiethbirthday.Contributors : Abram Bergson, Sharad Bhandari, Bernard Chavance, Mathias Dewatripont,Jacques Drèze, Michael Ellman, Richard Ericson, István R. Gábor, Paul Hare, David M. Kemme, JánosKöllö, Georges Korsun, Mári Lackó, Marie Lavigne, Edmond Malinvaud, Béla Martos, Eric S. Maskin,Peter Murrell, Yingyi Qian, Richard Quandt, John Roemer, Gérard Roland, Jeffrey Sachs, AndrásSimonovits, Robert Solow, Wim Swaan, Jörgen Weibull, Martin Weitzman, Wing Thye Woo, ChenggangXu.
Constraints and Driving Forces in Economic Systems
What do the diametrically opposite tendencies in the height of the North Korean and South Korean population over the past sixty years, the paternalism in the current pension systems, and the Greek crisis have in common? Readers should not promptly reply “nothing”, as Constraints and Driving Forces in Economic Systems shows. The contributions to this volume analysing various topics actually all discuss the same point: the forces driving development and the constraints hindering progress in economic systems and subsystems.
